There are several reasons why this statement is true, but I want you to take note of the most important one: there are no laws that govern property acquisition within the vicinity of a refinery. That means there is nothing stopping the company from displacing you and taking over your land.
In summary, buying land close to dangote refinery is like playing Russian roulette with your hard earned money.
You could see that the land you want to buy is close to the dangote refinery, so you should not buy it because any land close to the refinery is dangerous. You need to know that if you buy a land close to the refinery, it will be very hard for you to sell the land in future. If you decide to build a house there, it can be very dangerous because they might release gas there anytime. The company can buy the land directly from you anytime they want
Dangote refinery and petrochemical company is one of the biggest refineries in the world. The construction is still ongoing. The refinery is located in Lekki, Lagos state and has been causing a lot of negative effects to the land close to it. If you buy a land close to this refinery and it’s still under construction, you might not have peace of mind at all. This is because of the noise, pollution and other factors that come with it.Land close to a refinery can be very dangerous. You have to be careful if you want to buy a land close to dangote refinery in Lagos state.The noise that comes from this refinery is too much and unbearable sometimes. If you buy a land or house close to dangote refinery, the noise can affect your health.
Land close to any heavy industry like dangote refinery can be risky for your health, especially if there are leaks or other types of accidents caused by the industry.
The pollution from this refinery can cause severe health problems such as respiratory problems, cancer, etc. This may happen because some chemicals from the factory will contaminate your air which will result in air pollution problems.
You need to be very careful before buying a land around any………
It would be wise for you to know that the Dangote Refinery is a petrochemical plant site under construction in Ibeju-Lekki, Lagos state, Nigeria.
It would also be wise for you to know that the refinery is being built by Private Company, Dangote Industries Limited.
The reason why this is important, is so that you can take note of the danger you are exposing yourself to when buying land close to dangote refinery in Lagos because it’s a petrochemical plant. Although, there are many positive effects of having a refinery in your area, but there are some negative effects too.
If you want to buy land close to dangote refinery, then it would be wise for you to know these reasons why you should not buy land close to dangote refinery:
1. It’s a petrochemical plant (it has fire)
2. It’s not safe for your family (because of the toxic fumes)
3. It’s not advisable for pregnant women living around the area (because of the toxic fumes)
4. Your house will depreciate (if it’s built around the area)
5. The value of your land will go down (If you are looking for a place to buy land in LAGOS, I’d advise that you stay away from lands close to Dangote refinery.
The reasons are not far-fetched.
I’m sure you know Dangote refinery is going to be the largest in the world when completed.
But this implies that there will be a lot of hazardous wastes being pumped out of the refinery.
So buying land around a refinery is hazardous to your health and life!
You should also note that if you buy land around a refinery, your land
Value won’t appreciate as well as other lands because no one will want to live close to such harmful substances.
Dangote Refinery is a 650,000 barrels per day (BPD) refinery under construction by the Dangote Group at the Lekki Free Trade Zone in Lagos, Nigeria. The refinery will be one of the largest refineries in the world.
The project is being constructed by China Petroleum Engineering and Construction Corporation (CPECC).
When completed, it will serve as a major source of fuel for Nigeria, Africa’s largest oil producer.
It will also help to cut down on oil imports into Nigeria, which import 80% of its fuel needs due to a lack of refining capacity. The project is expected to cost between US$10 billion and US$12 billion.
The land located around the refinery is not safe, infact it is a danger zone. It comes with a lot of health hazards.
A lot of investors are investing in land close to dangote refinery.
This is a wrong investment as the refinery is so close to the sea and the water table is high.
The oil product will pollute the ground water making it unsafe for human consumption.
There will not be enough fresh water available in the area.
The refinery will produce CO2 and other pollutants which could cause cancer and other serious health issues to people working in the factory.
People living in the community will also be affected.
You are investing your money in a wrong place that you may regret later
First of all, I am not a Real Estate Expert, neither am I an Investor. However, my father is one and I have lived with him for over 20 years now.
In the past 6 months or so, Dangote’s Refinery has been one of the hottest topics in Nigeria and Abroad. In this article, I will be showing you why you should not buy land close to dangote refinery in lagos.
A lot of Nigerians are getting scammed by Realtors and Sales Agents because they do not know what they should look out for when buying Land or Property.
Hello viewers, my name is Lawrence Robert and i want to share something with you, as a professional in real estate profession. we all know how much dangote refinery is worth, but there is a lot of things you should know about the lands around it.
Instead of going for an expensive land that will be expensive to maintain, try to go for an affordable land that will cost you less to maintain and get it before the price increases.
I am saying this because of the dangers involved.
Dangote Petroleum Refinery is a 650,000 barrels per day (100,000 m3/d) refinery that is under construction by the Dangote Group in the Lekki Free Zone of Lagos. It is expected to be completed by 2022
The project was initially planned to be 1 million barrels per day (160,000 m3/d) but was reduced due to a decline in global oil prices.
The refinery will be the largest single-train facility in the world and will have the capacity to process 650,000 barrels of crude oil per day when completed. This refinery will have one of the most complex distillation units in the world with over 100 distillation columns.
The proposed refinery location is not far from Eko Atlantic City, which is being built on reclaimed land along Victoria Island, Lagos State.
Dangote Refinery will produce Euro V grade petrol and diesel fuel upon completion. The refinery will also produce low pour fuel oil (LPFO) for power generation. The company’s plan is to export 50% of its refined products and sell the remainder locally at subsidized rates.
Nigeria’s richest man and Africa’s richest man, Aliko Dangote, is set to launch what he has described as the largest refinery in the world. The $12 billion, 650,000 barrels per day capacity refinery and petrochemical project will be located in Lekki Free Trade Zone, a special economic zone dedicated to manufacturing and exporting activities.
Many plots of land have been acquired for factory development by the government in rural areas but the factories are yet to be built there. Most of them are either empty or overcrowded with people who had been displaced from their homes by the acquisition of their lands. What’s more, land owners have not been compensated for many years — creating tension that often results in protests and riots on many occasions.
The Dangote refinery would be built on a 10 square kilometer site which also includes a fertilizer plant, a petrochemicals plant, an aviation fuel storage facility and an airport. This means that many more people will likely be displaced without any compensation.
Buying a property close to the refinery is like buying a place near a military barrack or camp in which there are lots of weapons and ammunition. There will be a lot of explosion and a lot of damage to properties. You can imagine what will happen if something goes wrong.
The amount of pollution in the air and water will be very high due to the contamination from the refinery. This can cause cancer, asthma and other health problem. More so, the land will not be suitable for farming because of carbon dioxide and hydrogen sulfide emitted by the refinery. This is why you should not buy land in that area.
